If accepted then you gotta hope your financing doesn't take too long or fall apart altogether, and then you have to pray your contractor does a swell job cause that is about as good as a coin flip, and then you need to make a wish that your exit is one timely and two at the price you suspected.Bottom line is, it is hard to set up a network built with pieces from 3 - 4 different verticals within the industry. 

Your options in this case are to:Decline their application.Accept them without references and take the risk, assuming everything else about them is stellar.Require a co-signer.Require an additional security deposit if that is allowed in your specific state.The option many landlords choose is No. 2: Accept them without references, asking for an additional security deposit.

If so, have them hold the builder to the fire, that is not acceptable for a brand new home and that should be on them to fix that and anything else.

Also, if you accepted full October rent, its unlikely you can claim they need to leave before the end of the month. 

Now, don’t get me wrong—I did accept the inspection report and signed the offer to purchase.

@Joshua Perelli so only a crazy person would accept being a LAIC for an owner self managing. 

You just filled in and registered to the country clerk.Title companies won't accept to transfer the property without using a warranty deed, because they can't insure the title, but that will come when your parents sell the property and at that moment your parents will create a warranty deed to the new owners.

You'll either need to put more money down, or accept the reality that high leverage creates a higher debt service payment.

I’m not sure if I should accept the offer and roll my equity in a new property or just sit tight and see what happens?

How could I structure a deal that would sound acceptable....